Originally Posted by
Noisecanceller
Were some of you that think this is a nothing burger even alive in 2007. It was catastrophic for many careers. 2008 would have hurt but raising the retirement age in 2007 made 2008 cut much much deeper than it would have otherwise and last years longer than it would have. Thousands of furloughs deep into seniority lists that lasted years. Most of which would have been mitigated if the retirement age hadn’t changed the year prior and the olds kept rolling out the door. Instead they all stayed even when they said they wouldn’t and kept their spots at the top while thousands of us couldn’t even find jobs bagging groceries.
This.
They probably won’t feel the effects of this for a while while the hiring market is strong, until the next industry event hits. The reality will set in for them when they are sitting captain reserve or their standing bid for a senior base goes unfilled a couple more years while those of us who sat frustrated through age 65 bid ridiculously easy schedules and take all the cherry vacation slots and pad another million or so in 401k growth.